CARBACID INVESTMENTS LIMITED REPORT AND FINANCIAL STATEMENTS 2004
PAGES Corporate information Board of directors Notice of meeting Chairman's statement Taarifa ya mwenyekiti Report of the direc
JMWanjigi B C Patel M KR Shah* R A Shepherd P R Simpson RA Shepherd J MWanjigi M KR Shah N P Kothari, FCPS (Kenya) Haile Selass
Aged 72, Mr Wanjigi who is a Fulbright Scholar, has been a Board member since July 1970. He has held very senior cabinet positi
NOTICE IS HEREBY GIVEN that the thirty-fourth Annual General Meeting of the shareholders of Carbacid Investments Limited will b
I am pleased to report that despite generally poor market conditions the Carbacid Group has achieved a successful result for th
ina furaha kuripoti kuwa ijapokuwa hali duni ya soko kwa ujumla kundi la Carbacid limeweza kupata matokeo mazuri kwa mwaka hadi
The directors present their report together with the group audited financial statements for the year ended 31 July 2004. The co
statement on corporate governance The Company is committed to the maintaining high standards of Corporate Governance and the di
statement on corporate governance The Company is committed to: • Ensuring that shareholders and the financial markets are provi
statement of directors' responsibilities The Companies Act requires the directors to prepare financial statements for each fina
independent auditors' report TO THE MEMBERS OF CARBACID INVESTMENTS LIMITED Deloitte. Deloitte & Touche Certified Public Accoun
2004 Sh'OOO 2003 Sh'OOO TURNOVER COST OF SALES GROSS PROFIT OTHER OPERATING INCOME ADMINISTRATIVE EXPENSES OPERATING PROFIT FI
Note ASSETS Non current assets Property, plant and equipment Investment property Operating lease prepayments Equity investments
2004 Sh'OOO 2003 Sh'OOO Property, plant and equipment Investment property Operating lease prepayments Investment in subsidiary
consolidated statement of changes in equity Share capital Sh'OOO At 1 August 2002 Transfer of excess depreciation Deferred tax
company statement of changes in equity FOR THE YEAR ENDED 31 JULY 2004 Share capital Sh'OOO At 1 August 2002 Deficit on revalua
consolidated cash flow statement Note OPERATI G ACTMTIES Cash generated from operations Interest received Taxation paid Net cas
The financial statements have been prepared in accordance with International Financial Reporting Standards. The principal accou
notes to the financial statements (continued) Excess depreciation, representing the additional depreciation based on revalued a
notes to the financial statements (continued) Leases of property, plant and equipment where the Group assumes substantially all
notes to the financial statements (continued I Segment assets and liabilities comprise those operating assets and liabilities t
notes to the financial statements (continued) 3 OPERATING PROFIT 2004 Sh'OOO The operating profit is arrived at after charging(
notes to the financial statements (continued) 6 TAXATION 2004 Sh'OOO (a) TAXCHARGE Current taxation based on taxable profit at
notes to the financial statements (continued) 10 PROPERTY, PLANT AND EQUIPMENT - GROUP Buildings and boreholes Sh'OOO COST OR V
notes to the financial statements (continued) 10 PROPERTY, PLANT AND EQUIPMENT - COMPANY Buildings Sh'OOO COST OR VALUATION At
notes to the financial statements (continued) 12 OPERATING LEASE PREPAYMENTS GROUP Sh'OOO COMPANY Sh'OOO 24,626 479 24,147 As a
notes to the financial statements (continued) 2004 Sh'OOO 2003 Sh'OOO Carbon dioxide gas and dry ice Spare parts and materials
notes to the financial statements (continued) 2004 Sh'OOO 2003 Sh'OOO Authorised: 12,000,000 ordinary shares of Sh 5 each Issue
notes to the financial statements (continued) 23 NOTES TO THE CASH FLOW STATEMENT 2004 Sh'OOO (a) RECONCILIATION OF OPERATING P
notes to the financial statements (continued) The company contributes to a company defined contribution pension scheme and to a
of _ or failing him the Chairman of the Meeting as my/our Proxy to vote for me/us and on my/our behalf at the Annual General Me
Fold 2 Kisha Kunja Hapa -----------------------------~---------~---~-STICK STAMP HERE Company Secretary Carbacid Investments Li